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Wong Family Sells Brooklyn MultiFamily For $2.8M With Atlas Realty Group Partners LLC

Property Image
SOLD
$2,833,000
Shlomo Antebi
Erik Yankelovich
+ 1

New York

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MultiFamily17,200 SF
Sold 01/27/2022
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Property Image
SOLD

Wong Family Sells Brooklyn MultiFamily For $2.8M With Atlas Realty Group Partners LLC

429 Autumn Avenue, Brooklyn, New York 11208, United States

See Similar Deals
MultiFamily17,200 SF
Sold 01/27/2022
Shlomo Antebi
Erik Yankelovich
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$164
Total Square Footage:17,200 SF
Transaction Type:Sale

The multi-family property located at 429 Autumn Ave. in Brooklyn has recently been sold for a price of $2,833,000. The property consists of 19 units, with an average price per unit of $149,105. The total square footage of the property is 17,200, resulting in a price per square foot of $164.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,833,000
  • Units: 19
  • Price per Unit: $149,105
  • Square Footage: 17,200
  • Price per Square Foot: $164
  • Market: Brooklyn

Atlas Realty Group Partners LLC represented the Wong Family in this transaction. The team of brokers involved in the deal includes Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Elli Khafizov.

Players

Elli Khafizov
11 deals$52.4M volume(212) 419-8067
BROKER

Erik Yankelovich
Atlas Realty Group
127 deals$1B volume
BROKER

Yosef Katz
Atlas Realty Group
133 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
138 deals$1B volume
BROKER

Details

SOLD
IMAGE: Shlomo Antebi, Yosef Katz, Erik Yankelovich & Elli Khafizov DATE: 01/27/2022 ADDRESS: 429 Autumn Ave. MARKET: Brooklyn ASSET TYPE: MultiFamily SELLER: Wong Family BROKERS: Shlomo Antebi, Yosef Katz (@Katz.Yosef), Erik Yankelovich (@ErikY79) & Elli Khafizov - Atlas Realty Group Partners LLC SALE PRICE: $2,833,000 UNITS: 19 ~ PPU: $149,105 SF: 17,200 ~ PPSF: $164

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$151,093.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,065.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,429.87
Annual Debt Service$161,158.38